Ethereum has once again grabbed the spotlight in the world of cryptocurrency. Recent news about Ethereum has gained attention as it makes its way into the list of the 25 largest assets globally.
Ethereum Surpasses Netflix and Mastercard
In terms of market cap, Ethereum has secured the 22nd rank, overtaking major firms like Netflix and Mastercard. The asset reached a market cap of $519.19 billion at the time of this milestone.
Price Surge and Institutional Interest
ETH's recent price rally seems to be linked to strong buying from institutional players like BitMine and Sharplink. In just a month, the value skyrocketed from $2,963.54 to an all-time high of $4,348.15, representing a 46.04% increase.
Future Prospects
Ethereum could potentially reach the $6,000 mark in the coming days, moving up to the 20th spot by surpassing Eli Lilly, which has a market cap of $566.16 billion. The upward trend continues to attract new investors.
Ethereum's rapid rise, supported by strong institutional buying and record price gains, has solidified its position among the top global assets.
